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steel production - Latest news GMK Center

Photo – Steelmakers around the world are shutting down capacity due to falling demand
Steelmakers around the world are shutting down capacity due to falling demand

EU steel companies are waiting for an increase in demand and a rise in steel prices in the fall, but this may not happen

Photo – Importers used a third of EU quarterly steel quotas
Importers used a third of EU quarterly steel quotas

Steel import activity in Europe remains stable despite weak domestic demand in recent months

Photo – Voestalpine increased revenue by 33% in the first quarter
Voestalpine increased revenue by 33% in the first quarter

Quarterly results significantly exceeded market expectations

Photo – Orie Galvametal started designing a new galvanizing plant in Belarus
Orie Galvametal started designing a new galvanizing plant in Belarus

To launch a hot-dip galvanizing plant, they plan to purchase Iranian equipment

Photo – China reduced steel production by 6.5% in H1 2022
China reduced steel production by 6.5% in H1 2022

The production of finished steel fell by 4.6% in the first half of the year, and pig iron – by 4.7%

Photo – India wants to double its steel production in the next 8 years
India wants to double its steel production in the next 8 years

The newly appointed Minister of Steel of India considers reaching an annual output of 240 million tons by 2030

Photo – ArcelorMittal Bremen reduced working hours for rolling mills workers
ArcelorMittal Bremen reduced working hours for rolling mills workers

In the blast-furnace-oxygen converter steel production to continue

Photo – ArcelorMittal imposed part-time schedules for most employees since July
ArcelorMittal imposed part-time schedules for most employees since July

The company is forced to revise the employees schedules, as it can no longer pay full wages

Photo – German steelmakers expect production and prices decline in July
German steelmakers expect production and prices decline in July

Steel production in Germany fell by 4.8% in five months

Photo – India reduced steel exports by 42% in May
India reduced steel exports by 42% in May

Asian order book weakening and competitive prices from Chinese traders disrupted Indian exports

Photo – The end of hopes: steel production in Ukraine to fall because of low prices
The end of hopes: steel production in Ukraine to fall because of low prices

The war, problems with logistics and raw materials deliveries are strongly affect the steel production too

Photo – By 2030, JSW Steel plans to reduce carbon emissions by 42%
By 2030, JSW Steel plans to reduce carbon emissions by 42%

Investments in various initiatives to reduce emissions will amount to more than $1 billion

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